Mastercard Joins Forces with Verifone and Global Payments to Enhance EMV Experience
May 11 2017 - 1:00PM
Business Wire
Mastercard is joining forces with payments industry leaders to
enhance and expedite the consumer checkout experience leveraging
the company’s M/Chip Fast technology. M/Chip Fast prioritizes the
parts of a transaction critical to security to speed chip checkout
times.
Verifone intends to incorporate M/Chip Fast into its products
deployed in the United States. Verifone products, including the
FIPay line, are used by most of the top 200 U.S. retailers and will
help drive greater adoption of faster EMV technology.
“Verifone is committed to creating faster and easier payment
experiences for merchants and their customers. This collaboration
with Mastercard covers a myriad of different use cases across a
range of retail verticals,” said Paul Galant, chief operating
officer of Verifone.
Global Payments will make the faster EMV technology available to
key merchants in the fast food, grocery, transit and other retail
environments, where speed is critical to the consumer
experience.
David Mangum, president and chief operating officer of Global
Payments said, “Global Payments is continually looking for ways to
drive better, faster point-of-sale experiences to its merchants and
we are pleased to work with Mastercard to deliver this
technology.”
Mastercard Vision for Enhanced
EMV
Mastercard unveiled its vision for enhanced EMV chip technology
at TRANSACT, a payments conference hosted by the Electronic
Transaction Association. In his keynote address, Craig Vosburg,
president of North America for Mastercard remarked, “EMV is an
essential upgrade to the payments infrastructure in the U.S., which
is now the largest chip market in the world and still growing.
Great collaboration is happening within the industry and progress
is being made in the fight against counterfeit card fraud.”
“M/Chip Fast also helps move checkout lines as it is built on
nearly two decades of contactless or ‘tap-and-go’ convenience and
security. Aligning with Verifone and Global Payments supports our
desire to get this tool in the hands of more merchants,” concluded
Vosburg.
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
@MastercardNews, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
About Global Payments
Global Payments Inc. (NYSE:GPN) is a leading worldwide provider
of payment technology services that delivers innovative solutions
driven by customer needs globally. Our technologies, partnerships
and employee expertise enable us to provide a broad range of
products and services that allow our customers to accept all
payment types across a variety of distribution channels in many
markets around the world.
Headquartered in Atlanta, Georgia with more than 8,500 employees
worldwide, Global Payments is a member of the S&P 500 with
merchants and partners in 30 countries throughout North America,
Europe, the Asia-Pacific region and Brazil. For more information
about Global Payments, our Service. Driven. Commerce brand and our
technologies, please visit www.globalpaymentsinc.com.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting payment
devices to the cloud—merging the online and in-store shopping
experience and creating the next generation of digital engagement
between merchants and consumers. We are built on a 35-year history
of uncompromised security with approximately 29 million devices and
terminals deployed worldwide. Our people are trusted experts that
work with our clients and partners, helping to solve their most
complex payments challenges. We have clients and partners in more
than 150 countries, including the world’s best-known retail brands,
financial institutions and payment providers. Verifone.com |
(NYSE:PAY) | @verifone
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170511006031/en/
Mastercard CommunicationsBeth Kitchener,
914-249-2058beth.kitchener@Mastercard.com
Paymentus (NYSE:PAY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From Sep 2023 to Sep 2024